Europe falls in cautious session
September 28, 2007 | Leave a Comment
European equities fell in early trade on Friday as investors took a cautious attitude to the last day of trade in the third quarter Read More…
Greenspan sees less than 50-50 chance of recession
September 28, 2007 | Leave a Comment
Greenspan sees less than 50-50 chance of recession
LONDON (Reuters) - The probability of the U.S. economy slipping into recession has increased recently but is still less than 50/50, former Federal Reserve Chairman Alan Greeenspan said in comments broadcast on Friday.
Source: feeds.reuters.com
Home sales fall, job market resilient
WASHINGTON (Reuters) - Sales of new homes plunged in August and prices posted their biggest year-on-year drop in nearly 37 years, the U.S. Commerce Department said on Thursday, underlining the depth of problems facing the housing sector.
Source: feeds.reuters.com
China Yongcheng Coal in Guinea bauxite venture-paper 0:47 GMT
September 28, 2007 | Leave a Comment
BEIJING, Sept 28 (Reuters) - Yongcheng Coal & Electricity Group Co Ltd, the biggest coal producer in central China, has formed a venture with other firms from its home province of Henan to develop a bauxite deposit in Guinea, the Shanghai Securities Read More…
HONG KONG, Sept 28 (Reuters) - Here are some stocks on the move in Hong Kong on Friday: As of 0236 GMT, the blue-chip Hang Seng Index <.HSI> was up 0.2 percent, in line with an opening level of 27,126.13. * Chinese property developer Sino-Ocean Land Read More…
Freddie CEO puts U.S. recession chance at 40-45 pct: report
September 28, 2007 | Leave a Comment
Freddie CEO puts U.S. recession chance at 40-45 pct: report
NEW YORK (Reuters) - The chief executive of Freddie Mac warned that the U.S. economy faces a 40 percent to 45 percent risk of recession induced by the housing market downturn, the Financial Times reported on its Web site.
Source: feeds.reuters.com
Wheat Futures Decline in Asia as Six-Day Rally to Record Seen as Overdone
September 28, 2007 | Leave a Comment
Sept. 28 (Bloomberg) — Wheat prices fell in Asian trading, snapping a six-day rally, as some investors deemed yesterday’s rise to a record wasn’t justified by the outlook for supply. Wheat futures for December delivery fell as much as 11.25 cents, or Read More…
John Howard Says Australian Food Shortage Will Affect Prices By Gemma Daley Sept. 28 (Bloomberg) — Australia’s drought will cause a food shortage and that will affect prices, Prime Minister John Howard told Melbourne radio 3AW. Australia is struggling Read More…
Northern Rock sees second day of gains
September 27, 2007 | Leave a Comment
London’s leading shares made further gains. Northern Rock rose for a second-consecutive session on continued hopes of a rescue bid. Read More…
McCormick quarterly profit rises
September 27, 2007 | Leave a Comment
NEW YORK (Reuters) - Spice maker McCormick & Co. Inc reported higher quarterly profit on Thursday, bolstered by increased sales volume in Europe and Asia.
WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless aid unexpectedly fell 15,000 last week to its lowest in four months, government data showed in a report on Thursday underscoring a stronger labor market.
Futures up as data seen spurring rate cuts (Reuters)
September 27, 2007 | Leave a Comment
Futures up as data seen spurring rate cuts (Reuters)
Reuters - Stock futures rose on Thursday as investors bet that data on new home sales would strengthen the case for further interest rate cuts to ease the toll of the housing slump on the economy.
Source: news.yahoo.com
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